Skyworks Solutions (NASDAQ:SWKS) Upgraded to "Hold" at BMO Capital Markets

Key Points

• BMO Capital Markets upgraded Skyworks Solutions to a “Hold” rating. The broader analyst consensus remains “Hold,” with 18 Hold, four Buy, and two Sell ratings and an average price target of $74.
• Several brokerages recently lowered their price targets, including RBC to $70, Citigroup to $64, Stifel Nicolaus to $70, and Morgan Stanley to $72, while UBS raised its target to $70.
• Skyworks beat quarterly expectations with $1.08 in EPS versus $1.03 expected and $934.8 million in revenue, although revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) was upgraded by stock analysts at BMO Capital Markets to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also weighed in on SWKS. Royal Bank Of Canada decreased their target price on Skyworks Solutions from $80.00 to $70.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 29th. UBS Group boosted their target price on Skyworks Solutions from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Citigroup reduced their price target on Skyworks Solutions from $77.00 to $64.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Stifel Nicolaus dropped their target price on shares of Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, July 29th. Finally, Morgan Stanley reduced their target price on shares of Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $74.00.

Skyworks Solutions Price Performance

SWKS stock opened at $67.14 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. Skyworks Solutions has a 1 year low of $51.93 and a 1 year high of $90.90. The company's 50-day moving average is $65.50 and its 200-day moving average is $63.86. The stock has a market capitalization of $10.10 billion, a PE ratio of 34.79 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business had revenue of $934.80 million for the quarter, compared to analysts' expectations of $925.97 million. During the same quarter last year, the firm earned $1.33 EPS. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities research analysts expect that Skyworks Solutions will post 3.64 EPS for the current fiscal year.

Institutional Trading of Skyworks Solutions

A number of large investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its stake in shares of Skyworks Solutions by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer's stock valued at $249,000 after purchasing an additional 163 shares during the last quarter. Beacon Pointe Advisors LLC lifted its position in Skyworks Solutions by 4.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer's stock worth $282,000 after buying an additional 200 shares during the last quarter. AAFMAA Wealth Management & Trust LLC boosted its stake in Skyworks Solutions by 3.2% during the second quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer's stock worth $468,000 after buying an additional 212 shares during the period. Asset Management One Co. Ltd. boosted its stake in Skyworks Solutions by 2.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer's stock worth $505,000 after buying an additional 213 shares during the period. Finally, Unison Advisors LLC increased its position in Skyworks Solutions by 1.2% during the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer's stock valued at $986,000 after acquiring an additional 219 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company's portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.

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